In the United States, The Health Insurance Portability and Accountability Act (HIPAA) was settled to protect the confidentiality of a patient’s medical evidence and to safeguard persons' medical records and private health-related data. It sets a boundary on the use and the release of health records., and HITECH (Health Information Technology for Economic and Clinical Health) Act – HITECH is part of the American Recovery and Reinvestment Act of 2009 (ARRA). The HITECH Act is intended to encourage more effective and efficient healthcare through the use of technology, like implementing electronic health records (eHR), thereby reducing the healthcare costs and enabling greater access to the system. It aims to address the privacy and security concerns associated with the electronic transmission of health information.

The article cited AMA's "Global Healthcare BPO Market Study" explored CAGR of 20.3%. According to the report, Introduction of Government Regulations to Reduce Cost is one of the primary growth factors for the market. Loss of Income Due to Billing Mistakes is also expected to contribute significantly to the Healthcare BPO market. Overall, applications of Healthcare BPO, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Payer Service, such as Human Resource Management, is boosting the Healthcare BPO market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Healthcare BPO market identified that the demand is rising in many different parts of the world as "Technological Advancement in IT and Health Care Sector". Furthermore, some recent industry insights like "In June 2020 Cognizant launched its healthcare BPO platform" is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Healthcare BPO market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Healthcare BPO market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Check more with in-depth analysis and forecast of Healthcare BPO market study, Click here

Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.